Wynn Resorts, Limited (NASDAQ:WYNN) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP increased its position in shares of Wynn Resorts, Limited (NASDAQ:WYNN) by 169.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 58,454 shares of the casino operator’s stock after acquiring an additional 36,731 shares during the period. ExodusPoint Capital Management LP owned approximately 0.05% of Wynn Resorts worth $5,036,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of WYNN. IHT Wealth Management LLC raised its holdings in Wynn Resorts by 1.7% during the 3rd quarter. IHT Wealth Management LLC now owns 6,766 shares of the casino operator’s stock worth $654,000 after buying an additional 112 shares during the period. Fifth Third Bancorp raised its holdings in shares of Wynn Resorts by 5.8% during the fourth quarter. Fifth Third Bancorp now owns 2,183 shares of the casino operator’s stock valued at $188,000 after acquiring an additional 119 shares during the period. Venturi Wealth Management LLC raised its holdings in shares of Wynn Resorts by 15.0% during the fourth quarter. Venturi Wealth Management LLC now owns 936 shares of the casino operator’s stock valued at $81,000 after acquiring an additional 122 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in shares of Wynn Resorts by 0.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 31,119 shares of the casino operator’s stock valued at $2,681,000 after acquiring an additional 142 shares in the last quarter. Finally, Metis Global Partners LLC boosted its stake in Wynn Resorts by 5.0% in the 4th quarter. Metis Global Partners LLC now owns 3,197 shares of the casino operator’s stock worth $275,000 after purchasing an additional 152 shares during the period. 88.64% of the stock is currently owned by institutional investors.

Wynn Resorts Stock Down 3.8 %

Shares of WYNN stock opened at $70.09 on Friday. Wynn Resorts, Limited has a 12 month low of $66.20 and a 12 month high of $108.50. The company has a market cap of $7.44 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 2.35 and a beta of 1.53. The business’s 50 day moving average is $85.25 and its two-hundred day moving average is $89.23.

Wynn Resorts (NASDAQ:WYNN) last posted its earnings results on Thursday, February 13th. The casino operator reported $2.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $1.15. The business had revenue of $1.84 billion for the quarter, compared to analyst estimates of $1.78 billion. Wynn Resorts had a net margin of 7.03% and a negative return on equity of 71.17%. As a group, equities analysts expect that Wynn Resorts, Limited will post 5.17 EPS for the current fiscal year.

Wynn Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Monday, February 24th were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.43%. Wynn Resorts’s payout ratio is presently 23.75%.

Insider Buying and Selling

In related news, major shareholder Tilman J. Fertitta bought 5,025 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was purchased at an average cost of $80.99 per share, for a total transaction of $406,974.75. Following the purchase, the insider now directly owns 10,905,025 shares in the company, valued at $883,197,974.75. This trade represents a 0.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Philip G. Satre purchased 22,200 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $92.18 per share, for a total transaction of $2,046,396.00. Following the completion of the transaction, the director now directly owns 34,195 shares in the company, valued at approximately $3,152,095.10. The trade was a 185.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 38,700 shares of company stock valued at $3,427,943. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. StockNews.com cut Wynn Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, March 12th. Morgan Stanley lowered their price objective on shares of Wynn Resorts from $105.00 to $103.00 and set an “overweight” rating on the stock in a research report on Monday, February 24th. Barclays increased their target price on shares of Wynn Resorts from $115.00 to $116.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Jefferies Financial Group raised shares of Wynn Resorts from a “hold” rating to a “buy” rating and upped their price target for the stock from $105.00 to $118.00 in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus increased their price objective on Wynn Resorts from $123.00 to $128.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $119.58.

Wynn Resorts Company Profile

Wynn Resorts, Limited designs, develops, and operates integrated resorts. The company operates through four segments: Wynn Palace, Wynn Macau, Las Vegas Operations, and Encore Boston Harbor. The Wynn Palace segment operates private gaming salons and sky casinos; a luxury hotel tower with suites, and villas, including a health club, spa, salon, and pool; food and beverage outlets; retail space; meeting and convention space; and performance lake and floral art displays.